05.07.2009

Mud which is obtained from an oil such as from diesel oil

An area of the subsurface where source rock has reached appropriate conditions of pressure and temperature to generate hydrocarbons

This is an aggregate of all the oil being transported by sea at any given time. It is a useful measure of tanker demand

The total volume of oil estimated to be in place in an oil reservoir prior to commencement of production

Accumulation pool or group of pools of oil in the subsurface. An oil field consists of a reservoir in a shape that will trap hydrocarbons and that is covered by an impermeable or sealing rock. The geographic area above an underground accumulation of oil and natural gas